2014 XCD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 XCD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the XCD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 68.5772. Conversely, the yearly low was recorded on January 4, dropping to 58.7762.
This high-to-low spread represents a total annual volatility of 9.8010 NGN. From a start-to-finish perspective, comparing the January average rate of 59.2705 to the December average rate of 67.3790, the exchange rate registered a net change of 13.68% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2014 high of 68.5772 was up 13.04% compared to the 2013 peak of 60.6669, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XCD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2014.
XCD to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 60.1994, compared to 62.0633 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.8640 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was November, with a trading range of 4.7812 NGN (High: 66.0891 / Low: 61.3079). On the other end, March was the most stable month, with a tight range of 0.3996 NGN (High: 61.1273 / Low: 60.7277).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.9457 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2014: 67.3790) against the same month in 2013 (average: 58.9096), the exchange rate shifted by +8.4694 (+14.38%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 60.2301 | 58.7762 | 59.2705 |
| February | 61.2651 | 60.1863 | 60.6584 |
| March | 61.1273 | 60.7277 | 60.9905 |
| April | 61.0165 | 59.4665 | 60.0448 |
| May | 60.3292 | 58.8227 | 59.8683 |
| June | 60.6016 | 60.0996 | 60.3637 |
| July | 60.3246 | 59.8767 | 60.0675 |
| August | 60.2458 | 59.5564 | 59.9871 |
| September | 60.8291 | 60.0517 | 60.4028 |
| October | 61.3716 | 60.4595 | 60.9774 |
| November | 66.0891 | 61.3079 | 63.5662 |
| December | 68.5772 | 66.4510 | 67.3790 |